Commercial investment opportunity! Current tenant will sign a new lease at closing for 5 years at $14 per square foot, net, with 3% annual base rent increases, generating a 7% CAP Rate at the asking price. Or, if desired, Tenant will vacate at closing for an Owner/User. The subject property is, per Lee County appraiser, an 1826 SF "Flex" condo (condo docs show it as 1906 SF). Most of the space is built out as office but it still has a small warehouse in the rear with a roll up door (see floor plan) for storage. Tenant is Atilus, a web design, web development and digital marketing company. They have occupied the property since June of 2016.
The data relating to real estate for sale on this Website come in part from the Broker Reciprocity Program (BR Program) of MLS of Bonita Springs-Estero Association of REALTORS®. Properties listed with brokerage firms other than Premiere Plus Realty Co. are marked with the BR Program Icon or the BR House Icon and detailed information about them includes the name of the Listing Brokers. The properties displayed may not be all the properties available through the BR Program.
The source of this real property information is the copyrighted and proprietary database compilation of the Bonita Springs-Estero Association of REALTORS®. Copyright 2019 MLS of Bonita Springs-Estero Association of REALTORS®. All rights reserved. The accuracy of this information is not warranted or guaranteed. This information should be independently verified if any person intends to engage in a transaction in reliance upon it.
Listing information last updated on September 23rd, 2019 at 2:45am EDT.